An expert warned about multiple overpayments on mortgages at the current rate.
Economist Igor Balynin shared a comment on this topic.
In a conversation with Gazeta.Ru , he reported that today an unfavorable situation has been established for those who want to buy housing with a mortgage.
Balynin gave an example of a loan for 5 million rubles. At a rate of 30%, the overpayment for 5 years will be 4.7 million rubles.
If we are talking about a period of 25 years, then this is 32.52 million rubles.
The economist clarified that overpayment refers only to the amount that “accumulates” in interest.
We also need to take into account the “body” of the loan itself, which is 5 million rubles, which will also have to be paid to the bank.
The expert believes that now is not the time to rush into buying a home on credit.
It is more profitable to put savings on deposit. The rate of 21% will allow you to significantly increase your savings. This amount can then be used as a down payment.
For reference
A mortgage is a type of real estate pledge in which the real estate remains in the possession and use of the debtor.
